Hudson Reporter Archive

Bloomberg: Corzine takes a loss on Hoboken penthouse

HOBOKEN – The Maxwell’s Place penthouse belonging to former governor Jon Corzine has been sold for $2.8 million, about 14 percent less than the former CEO of bankrupt MF Global Holdings paid for it in 2008, according to a report from Bloomberg.com.
The buyer of the 2,400-square-foot two-bedroom apartment is listed as POJ Holdings LLC, which paid in cash, according to Kevin Dowd, a broker with Prudential Castle Point Realty in Hoboken, citing the multiple listing service. Dowd wasn’t involved in the deal, which was completed on May 7.
Corzine bought the apartment in November 2008 for $3.26 million, according to property records. He sought $2.9 million when he put it on the market in January.
The penthouse has floor-to-ceiling windows, Viking kitchen appliances and a Jacuzzi in the master bathroom, and views of the Hudson River and the Manhattan skyline, according to the listing by Jessica O’Connor Williams, a broker with Prime Real Estate Group in Hoboken.
“At the time that Corzine purchased the property it was clearly the No. 1 luxury property in Hoboken,” Dowd was quoted as saying. “Top floor, direct, smack-you-in-the-face views of the city. You really can’t beat that.”
MF Global, a New York-based futures broker, filed the eighth-largest U.S. bankruptcy on Oct. 31 after making bets on European sovereign debt and getting margin calls, the Bloomberg report said.

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